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Trump defends Truth Social as media company's skeptics grow, stock price whipsaws

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As critics question Trump Media’s value, the company has become by far the most expensive stock in the U.S. to sell short.

Donald Trump defended his social media platform Truth Social from a growing chorus of critics who view its parent company as an overpriced meme stock.

"More importantly, it is the primary way I get the word out and, for better or worse, people want to hear what I have to say," Trump wrote. Who put up Trump's $175 million bond? A subprime car loan billionaire who has run afoul of regulators The company's cachet is inextricably tethered to the status and continued relevance of Trump, its founder and public face. Trump on Thursday morning even seemed to identify himself as Truth Social's main draw.

Trump Media said it might eventually change its mind and report that data, but it also"may never collect, monitor, or report any or certain key operating metrics."

 

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